Jun 15, 2016
(OKLAHOMA CITY, OK) While the world’s best golfers will be praying hard to avoid Oakmont Country Club’s daunting “Church Pew” bunkers at this week's U.S. Open, Oklahoma City golfers don’t have a prayer of saving their local course. The Oklahoman reports that the Roman Catholic Archdiocese of Oklahoma City has purchased the Brookside Golf Club and plans to build a new church there. The archdiocese purchased the 9-hole golf course for $2.1 million last March and is currently leasing the course back to Brookside Golf Club. No timeline has been set for construction of the new church and local golfers have been told they can expect the course to stay open for another two years. That's a small blessing anyway.
Jun 13, 2016
Because He Can
(BEVERLY HILLS, CA) Not everyone’s spouse would appreciate them covering their backyard in acres of artificial turf. Especially when that turf is punctuated by sand bunkers and greens. Actor Mark Wahlberg’s latest addition to his 30,000-square-foot mansion is an extravagant golf complex that appears to engulf his entire backyard. Wahlberg posted a picture of the finished project on Instagram a few days ago (click the link below to see the photo), accompanied by a shout out to Back Nine Greens, who created the eye-popping layout. But, as the Daily Mail points out, Wahlberg seems to have “a penchant for making upgrades to his abodes. His last house — an 11,5000-square-foot mansion — included a full-size basketball court, a massive pool with waterfalls and grottoes reminiscent of the Playboy Mansion's, and a two-floor private gym built in a converted airport hangar that featured a professional boxing ring.”
Jun 10, 2016
Breaking the Mold
(BOCA RATON, FL) Innovation is the lifeblood of successful golf communities and clubs. And while lifetime memberships for golf and tennis have been the norm for decades at private communities, The Polo Club of Boca Raton announced this week that—for the first time ever—new member home buyers will have the option to purchase 10-year golf and/or tennis memberships. Until now, those buying a home at Polo Club had to also buy a lifetime golf or tennis membership. This first-of-its-kind program, which breaks the South Florida club industry mold, eliminates the lifetime membership barrier that the next generation of buyers has not found conducive to their lifestyles. This new option should go a long way to alleviating the pressure of buying into a lifetime commitment. The club features two Timothy Freeland-designed golf courses and a tennis complex ranked the #1 private tennis facility in the U.S. Last year, the club completed an extensive $27 million renovation program.
Jun 08, 2016
(LOS ANGELES) Daren Metropoulos is living every 1960s-era, teenage boy’s dream. A few years back, the man who once served as co-CEO of Pabst Brewing Company saved Twinkies snack cakes from extinction when he purchased Hostess. Now comes word that Metropoulos has bought Hugh Hefner’s Playboy Mansion. There’s a catch, though, that certainly dampened the enthusiasm of would-be buyers for the mansion with a reputation for star-studded, salacious parties: 90-year-old Hefner gets to live at the mansion for the rest of his life. It remains to be seen how long Metropoulo will have to wait to enjoy the legendary mansion with its seven bedrooms, eight bathrooms, a wine cellar, home theater, gym, tennis court and swimming pool partially covered by a man-made grotto. And by the way, the listing says the mansion is one of a select few private residences in L.A. with a zoo license. Explains a lot.
Jun 06, 2016
(SIOUX FALLS, SD) A million bucks, though nothing to sneeze at, just ain’t what it used to be. Especially when it comes to new home construction. Browse The New York Times “What You Get” feature in its real estate section and it becomes quickly evident that the million-dollar home no longer carries the cachet it once had. You want impressive, it’s going to cost you quite a bit more. You know the million-dollar letdown is hitting home when they are writing about it in South Dakota, where it seems the million-dollar home is less of a wow-factor than it once was. Builder Jarrod Smart tells the Argus Leader that the difference between today’s $1 million house and a $2 million house is the level of detail. And, of course, rising land prices and the cost of new construction. The National Association of Home Builders reports the average sales price newly constructed homes is at its highest since they started their annual survey in 1995. Still, if you’re in the market for a luxury home, there are about 20 houses (including one on Willow Run Golf Course) in the Sioux Falls area listed for sale between $1 million and $2.8 million.